Fed inspector says FOMC should look at extending trading rules

Internal watchdog also finds shortcomings in enforcement and review

US Federal Reserve
The US Federal Reserve’s Eccles Building
Photo: US Federal Reserve

The Federal Reserve’s internal watchdog said in a new report that the code regulating equities trading may not cover enough officials.

The report, by the Fed’s Office of Inspector General (OIG), was published on April 26. It observes that the new code “does not include all individuals with access to Class I FOMC [Federal Open Market Committee] information” used for policy-making.

The FOMC adopted the new regulations in February 2022 after a series of trading-related scandals that triggered the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account